The North Korean hacker collective the Lazarus Group holds tens of millions of dollars worth of Bitcoin (BTC) and other digital assets, according to the latest on-chain data.
Researchers at 21.co, the parent company of 21shares, the world’s largest crypto exchange-traded product (ETP) issuer, have created a new dashboard showing the crypto holdings of the cybercrime organization, which has reportedly pulled off huge hacks on behalf of the North Korean government.
The data is based on 295 crypto wallets previously identified as belonging to the Lazarus Group by the US Federal Bureau of Investigation (FBI) and Office of Foreign Assets Control (OFAC).
The largest hacks by the Lazarus Group in the past two years made off with a combined $960 million, according to 21.co.
The hacks include:
- “March 29, 2022: ~$620 million theft from Sky Mavis’ Ronin Bridge.
- June 22, 2022: ~$100 million Harmony’s Horizon Bridge hack.
- June 2023: ~$100 million theft from Atomic Wallet.
- July 22, 2023: ~$60 million theft from Alphapo.
- July 22, 2023: ~$37 million theft from CoinsPaid.
- September 4, 2023: ~$41 million theft from Stake.com.”
The researchers note that the dashboard data is “a lower-bound estimation of Lazarus Group’s crypto holdings based on publicly available information.”
According to the data, the Lazarus Group currently holds more than $46 million worth of digital assets.
The top holdings include 1,600 Bitcoin with a value of $41.8 million, 1,200 Ethereum (ETH) with a value of $1.91 million and 5,000 Binance Coin (BNB) with a value of $1.06 million.
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